MCX CRUDE Forecast for 28-31 October 2024: Key Levels and Trading Strategy

By | October 27, 2024 12:09 pm

Last Night, the Israeli Air Force conducted a coordinated strike campaign against military targets inside Iran, dubbed Operation “Days of Repentance.” The mission involved dozens of aircraft, including strike fighters, refueling tankers, and reconnaissance planes, all of which have successfully returned to their bases in Israel. Several key strikes targeted Iranian air defense sites, broadening the Israeli Air Force’s operational freedom for future missions over a wider range of targets in Iran. The extent of the damage inflicted will be disclosed over time, with the Israel Defense Forces now assessing the situation to anticipate any potential Iranian response.

The correct way to look at Israel news is @

✅A big relief to the world financial markets

✅Israel did not commence any major attack on civilians, nuclear sites, oil fields nor any continuous attacks

✅It was similar gesture attack like Iran had previously on Israel

✅Chances of retaliation by Iran are next to NIL

✅We at financial markets work on probability index The probability index of any further retaliation or further conflict is in big favour for the world financial markets..

✅US confirms any and all direct confrontations between Iran & Israel comes to an end.

MCX Crude Oil Gann Angle Chart


Crude has formed an Inside Bar on Daily chart signalling short term reversal possible once price is below 6000

MCX Crude Oil Supply Demand Zone

 

 

  MCX CRUDE OIL Supply Demand Chart : Demand in range of  6100-6150 Supply in range of 5900-5925

MCX Crude Oil Crude Harmonic 

 Price is heading towards 6300 till above 6000

Crude Astro/Gann Trend Change Date

22 October Important Gann/Astro Date for Trend Change

Weekly Trend Change Level:6075

Weekly Resistance :6151,6227,6303,6379

Weekly Support: 5999,5923,5847,5772

Levels Mentioned are for Nov Future Crude Contract

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